Wednesday, April 09, 2014

With a sticker price of $5,800,000 the building at 306 Bond Street between Union and Sackett Streets, is one of the most expensive buildings in Carroll Gardens/ Gowanus. The price is certainly not a reflection of its overall appearance. The building is rather bland looking. But it is big, featuring a total
of 9,100 square feet. According to a real estate listing, the semi-attached structure features 4 one bedroom lofts, 8 studios, an office, a full basement and a garage.

The property has been for sale for a while and the price was dropped from a high of over $6 million. It is now being marketed by Brooklyn Real Properties, Inc. as :"Fully vacant! View of City & Brooklyn! Near new 400 approved condos (Lightstone) & walk to new Whole Foods! Near trains! Great for conversion to Condo, Hotel, rental & more! Walking distance to Whole Foods Brooklyn and Gowanus!"

$5,800,000 is a rather stiff price for a building without a Certificate of Occupancy and with a Stop Work order, don't you think? But then again, anything seems to fly in Brooklyn real estate these days.

Yeah I think you're right about the over-build. I always wondered if they owned the adjacent vacant lot, but even if they did they would need appropriate setbacks from the back property line. And, the garage has had flooding issues, could reflect another problem of digging down so close to the water table. No doubt built by people flush with money and impatience to do it right, now the community left with a poorly proportioned ugly mass that will probably result, eventually, in a tear-down or severely modified. It's worth is only that of what is allow to be built minus cost of demolition to fix it's allowable FAR.